verizon iphone conference

It’s not often a large mobile carrier will reduce the amount you’ll be paying each month, but Verizon has shocked us a little on Wednesday. Verizon announced that it’s brining a nice discount to most of the data plans it offers to its customers.

A monthly shared data plan with 1 gigabyte of data will now start at $30 per month, rather than $40, with other rate plans getting a similar cut.

Verizon has previously refused to involve itself in the carrier price war that’s currently raging for the consumers benefit. But the discount announced on Wednesday is probably to patch a bit of bleeding to smaller carriers like T-Mobile who are offering cheaper, no-contract data plans to customers.

“There’s going to be certain customers who leave us for price and we are just not going to compete with that because it doesn’t make financial sense for us to do that,” Fran Shammo, CFO at Verizon, said on the company’s earnings call last month. A little hypocritical, are we?

verizon-more-everything-price-cuts

The graph above breaks down the savings customers can incur. You can move to a new data plan, but if you want to keep the same plan and receive the same data for less or to cut their bills by $10 per month, you’ll need to go to the MyVerizon site and opt for one of the new plans starting Thursday.

Verizon also said it would offer customers bringing in a phone line from another carrier a one-time $100 credit. All of the new pricing and credits are for a limited time, the company says.

Source: Recode

  • Stephen Hagans

    Their 10GB plan has been discounted since around black Friday and is now $80, not $100.

    • mike

      Where can I go so I can pay $80 instead of my current $100?

      • Gato Mafioso

        Ever since the 10GB for $80 deal was introduced on Nov. 1, people that were originally paying $100 have been able to take advantage of the cheaper price by logging into My Verizon and selecting the updated pricing plan.

      • mike

        Sneaky. Much appreciated.

  • echristoperj

    Still happy I snagged the 30GB plan for $130 back in October of last year.

  • Stefano Polo

    odd…Verizon won’t let me change my plan from my iOS app or online…I have to call Customer Support

  • andyr354

    Thanks, saved me $10 per month.